July 24, 2008
Ford Foundation Official Warns About Dangers of Alternative Investments
As endowments increase their allocations to alternative assets, skeptics have generally focused on two risks of such investments: their high fees, which eat into returns, and their tendency to use lots of debt, which can spell disaster when investments drop sharply.
Now an investing expert at the Ford Foundation, in New York, has highlighted a third concern: liquidity risk. In a paper to be published this fall in The Journal of Portfolio Management, Laurence B. Siegel, director
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
